Angeion Group Announces Major Settlement Regarding Water Safety
Settlement Reached in PFAS Litigation Involving Public Water Systems
Angeion Group has reported the culmination of negotiations resulting in a settlement with Tyco Fire Products LP in relation to a class action lawsuit. This case specifically addresses all active public water systems that have been affected by PFAS contamination.
Understanding the Key Terms of the Settlement
The settlement highlights that Tyco has agreed to pay $750,000,000, pending the court's final approval and other necessary conditions established in the settlement agreement. This significant sum is intended to compensate public water systems impacted by PFAS, ensuring that restitution efforts can be initiated swiftly.
Claim Eligibility and Process
To be eligible for compensation, affected class members are required to submit a Claims Form. This form can be accessed online or can be mailed directly to the designated Claims Administrator. The deadline for submitting this form is set for sixty days following the effective date of the settlement.
Options for Class Members
Class members have a few choices regarding their participation in the settlement. They can either file a claim to potentially receive payments, opt out of the settlement entirely, or file objections if they disagree with any aspect of the settlement. It is critical to adhere to the designated timelines for these actions to ensure their rights and options remain intact.
What Happens Next?
The court is scheduled to hold a Final Fairness Hearing where decisions regarding the approval of the settlement will be made. This hearing aims to confirm the settlement's fairness, dismiss the litigation with prejudice if appropriate, and determine attorneys' fees for involved class counsel.
Summary of the Court's Proceedings
The hearing will cover several important aspects, including the confirmation of the settlement class and the amount awarded to class representatives. The outcome of this hearing will provide clarity and direction for the implementation of the settlement, which is anticipated by many affected parties.
Frequently Asked Questions
What is the purpose of the settlement?
The settlement aims to provide compensation to public water systems harmed by PFAS contamination, addressing health and safety concerns.
Who can file a claim under the settlement?
Affected public water systems that meet the criteria outlined in the settlement are eligible to submit claims for compensation.
What happens if I opt out of the settlement?
If you opt out, you forfeit any potential benefits from the settlement but retain your right to pursue individual claims against involved parties.
Where can I find more information?
For additional details on the settlement process and requirements, it is advisable to visit the official settlement website or contact the provided media contact.
When is the deadline to submit a claim?
The deadline for submitting claims is set at sixty days following the effective date of the settlement.
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